Zuora, Inc. (NYSE:ZUO) Shares Sold by Capital Impact Advisors LLC

Capital Impact Advisors LLC cut its stake in shares of Zuora, Inc. (NYSE:ZUO) by 23.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,326 shares of the company’s stock after selling 14,851 shares during the quarter. Capital Impact Advisors LLC’s holdings in Zuora were worth $470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Divisar Capital Management LLC acquired a new position in Zuora during the 2nd quarter valued at approximately $4,575,000. AQR Capital Management LLC boosted its holdings in shares of Zuora by 47.1% during the second quarter. AQR Capital Management LLC now owns 172,376 shares of the company’s stock valued at $1,712,000 after acquiring an additional 55,155 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zuora during the second quarter valued at $44,000. Squarepoint Ops LLC grew its position in shares of Zuora by 884.0% during the second quarter. Squarepoint Ops LLC now owns 333,817 shares of the company’s stock worth $3,315,000 after acquiring an additional 299,894 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Zuora in the 2nd quarter worth about $1,319,000. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zuora

In other Zuora news, insider Peter Hirsch sold 58,267 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $9.06, for a total transaction of $527,899.02. Following the transaction, the insider now directly owns 14,566 shares of the company’s stock, valued at $131,967.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Peter Hirsch sold 58,267 shares of Zuora stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $9.06, for a total value of $527,899.02. Following the transaction, the insider now directly owns 14,566 shares in the company, valued at $131,967.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tien Tzuo sold 81,731 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $9.05, for a total value of $739,665.55. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $57,485.60. The disclosure for this sale can be found here. Insiders sold 301,833 shares of company stock worth $2,719,755 over the last ninety days. 8.62% of the stock is currently owned by insiders.

Zuora Trading Up 0.1 %

NYSE:ZUO opened at $8.70 on Monday. The company has a 50-day moving average of $8.77 and a 200-day moving average of $9.23. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77. Zuora, Inc. has a twelve month low of $7.05 and a twelve month high of $10.85.

Zuora (NYSE:ZUO) last issued its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. The firm had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $112.63 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. Zuora’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) EPS. Equities analysts expect that Zuora, Inc. will post -0.06 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on ZUO. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 target price on shares of Zuora in a research note on Thursday, August 22nd. Craig Hallum lowered shares of Zuora from a “buy” rating to a “hold” rating and reduced their price target for the stock from $12.00 to $10.00 in a research note on Monday, July 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Zuora in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Zuora presently has an average rating of “Moderate Buy” and a consensus target price of $11.86.

About Zuora

Zuora, Inc provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models. The company offers Zuora Billing that allows customers to deploy various pricing and packaging strategies to monetize their recurring revenue streams, bill customers, calculate prorations when subscriptions change, and automate billing and payment operations; Zuora Revenue, a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams; Zuora Payments to provide payment orchestration services for companies looking to operate globally; and Zephr, a digital subscriber experience platform that helps companies orchestrate dynamic experiences that increase conversion, reduce churn, and nurture ongoing subscriber relationships.